MIRA
INFORM REPORT
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Report Date : |
27.11.2008 |
IDENTIFICATION DETAILS
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Name : |
STX JAPAN CORPORATION |
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Registered Office : |
Toranomon 1-Chome Mori Bldg 6F, 1-19-5 Toranomon Minatoku |
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Country : |
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Date of Incorporation : |
March 2007 |
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pLegal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Ship Agent |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
YEN 87.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
STX JAPAN CORPORATION
REGD NAME: STX
MAIN OFFICE: Toranomon
1-Chome Mori Bldg 6F, 1-19-5 Toranomon Minatoku
105-0001
Tel: 03-5510-1321 Fax:
03-5510-1324
URL: http://www.str.co.kr/ (Korean
parent)
E-Mail address (thru URL)
ACTIVITIES
Ship agent
BRANCHES
Nil
OFFICER(S)
M YUN, REP
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 5,000 M
PAYMENTS REGULAR CAPITAL Yen 490 M
TREND UNDETD WORTH Yen 498 M
STARTED 2007 EMPLOYES 11
COMMENT
SHIP AGENCY, OWNED BY STX
CORPORATION GROUP,
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECENT INCEPTION BUT GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
87.5 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was
established by STX Corporation (
FINANCIAL INFORMATION
The sales volume for the initial
Dec/2007 fiscal term for irregular 9 months amounted to Yen 5,000 million,
posting Yen 80 million net profit.
For the current term ending Dec
2008 the net profit is projected at Yen 85million, on a 5% rise in turnover, to
Yen 7,000 million. Shipment to and from
Both the financial situation and
business trends are not determined due to the recent inception but should be
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 87.5 million, on 30 days normal
terms, backed by the financial strength of the Korean parent.
REGISTRATION
Date Registered: Mar 2007
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 9,800 shares
Issued: 9,800 shares
Sum: Yen 490 million
Major shareholders (%)
STX PanOcean (
No. of shareholders: 2
Nothing detrimental is known as to
the commercial morality of executives.
OPERATION
Activities: Agency business: ship
agency (80%), export/import agency (machinery, steel products) (20%).
Clients
[Mfrs, wholesalers] Hanwa Corp,
Marubeni-Itochu Steel Inc, STX PanOcean, STX Corp, other.
No. of accounts: 100
Domestic areas of activities: Nationwide
Suppliers
[Ship operators] Mitsui-OSK Lines,
other
Payment record:
Regular
Location: Business
area in
Bank References
MUFG (Toranomon-Chuo)
Relations: Satisfactory
FINANCES: (In Million Yen)
NOT MADE AVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.84 |
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1 |
Rs.76.81 |
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Euro |
1 |
Rs.64.38 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)